Apollo Private Credit Fund Redemption Requests Ease in Third Quarter
Apollo said most requests were repeat redemptions as the fund recorded about $200 million in gross inflows and kept liquidity available.
- On Tuesday, September 22, Apollo Debt Solutions told investors it would again cap withdrawals at 5% of outstanding shares after roughly 14.7% sought to pull their cash.
- This marks the third straight quarter Apollo Global Management has limited redemptions, joining peers BlackRock and Cliffwater in restricting cash access amid broader investor anxiety within the US$1.8 trillion direct lending market.
- Apollo, which holds about US$26 billion in assets, reported that redemption requests declined from 16.8 per cent in the prior quarter while recording about US$200 million of gross inflows during the third quarter.
- Investors who sought to redeem this year will recover about 75 per cent of their requested capital, with expected net outflows totaling 3 per cent of net asset value after repurchases.
- The fund said it will continue working through outstanding requests, noting it maintains substantial liquidity and can "add leverage modestly when warranted" to manage redemptions moving forward.
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Apollo private credit fund redemption requests ease in third quarter
Apollo Caps Private Credit Fund Again After 14.7% Look to Exit
Apollo Global Management Inc. is limiting redemptions from a private credit fund for the third straight quarter, as its investors join the rush to pull cash from the $1.8 trillion direct lending market.
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Apollo limits private credit withdrawals for third consecutive quarter
The slow-motion liquidity crisis in private credit has rolled into its third quarter, with Apollo gating another three months of withdrawal requests from its flagship retail private credit fund. On Tuesday, the fund disappointed investors who had asked to cash out 14.7% of their shares. It will...
Apollo Stock Drops 2.9%; Private-Credit Exit Requests Still Triple the Cap
New York, September 23, 2026, 06:36 (EDT) Apollo shares closed at $124.15, down 2.94%, before the fund disclosure.Third-quarter repurchase requests equaled 14.7% of shares, versus a 5% cap.The fund expects $0.5 billion of net outflows and reports $4.8 billion of liquidity. Apollo Global Management Inc. (NYSE:APO) closed at $124.15 on Tuesday, down 2.94%. After the…
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